Well in actual fact, despite all the flack the feds get about monetary policy, core inflation is very very low. I remember the inflation of the late 70s/early

Well in actual fact, despite all the flack the feds get about monetary policy, core inflation is very very low. I remember the inflation of the late 70s/early 80s, and we are absolutely not seeing that now. Oil prices are obviously much higher than they were fifteen years ago, which has follow-on effects for transport and food and similar, and is why I specified 'core' inflation. How would a bitcoin economy deal with these sorts of spikes in commodity prices?